COVED
French privately-held waste management and recycling operator founded in 1994, serving 70,000 industrial clients and 1,500+ local governments across France with integrated collection, sorting, recycling, energy recovery, and organic valorization services.
- Company typePrivate
- Founded1994
- HeadquartersToulouse, France
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What COVED does
Paprec Group is a French privately-held waste management and recycling operator founded in 1994 by Jean-Luc Petithuguenin and headquartered at its original site in La Courneuve. The group provides an integrated waste management platform spanning collection, sorting, material recycling, energy recovery, and organic valorization, serving 70,000 industrial clients and more than 1,500 local governments (collectivités) across France. Operations are supported by 16,000 employees and a cumulative industrial infrastructure investment exceeding €3.5 billion, enabling an annual throughput of approximately 20 million tons of waste and reported avoidance of 9.8 million tons of CO2 equivalent.
The company operates through specialized facilities including sorting centers, plastic recycling units, energy recovery plants, and composting/organic valorization sites. Its service portfolio covers wood, construction waste, scrap metals, paper-cardboard, batteries, electronics (WEEE), plastics, end-of-life vehicles, and glass recycling, alongside waste-to-energy conversion including CSR (Solid Recovered Fuel) production. Digital channels complement the field-sales model: MyPaprecSolutions enables online ordering for businesses, municipalities, and individuals in approximately two minutes; Easyrecyclage provides specialized office and tertiary waste collection with monthly pickup; and client portals MyPaprec and MyNodus Services centralize account management and waste tracking.
Revenue is generated through three primary streams: recurring service contracts for waste collection and treatment with private enterprises and public-sector clients; transactional sales of secondary raw materials (recycled plastics, metals, paper, cardboard, glass, wood) to industrial buyers; and transactional revenue from energy valorization of non-recyclable waste. Pricing is quote-based and negotiated per multi-year contract, with no publicly disclosed pricing. The group competes against major French waste operators including Veolia, has expanded into Western European markets (Spain, Germany, UK), and maintains a strong brand presence through sponsorship of the Solitaire du Figaro Paprec sailing race and digital content marketing across LinkedIn, YouTube, and Instagram.
COVED firmographics
Firmographics- Name
- COVED
- Legal name
- Paprec Group
- Website
- https://coved.com
- Company type
- Private
- Founded year
- 1994
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- French privately-held waste management and recycling operator founded in 1994, serving 70,000 industrial clients and 1,500+ local governments across France with integrated collection, sorting, recycling, energy recovery, and organic valorization services.
- Ownership category
- akta.pro rank
COVED industry classification
Industry- Product category
- Waste Management and Recycling Services
- NAICS
- Waste Collection (56211), Solid Waste Collection (562111), Materials Recovery Facilities (562920), Waste Treatment and Disposal (5622), Materials Recovery Facilities (56292)
- SIC
- Refuse Systems (4953), Sanitary Services (4950)
- akta.pro primary industry
- Commercial & Office Waste Collection (Non-hazardous) (EUAIAGAA)
- akta.pro secondary industries
- Post-Consumer Plastic Collection & Sorting (MRF/PRF, Bale Supply) (EUAIAKAA), C&D Waste Collection, Hauling & Container Services (Roll-off/Dumpsters) (EUAIAHAA), E-Waste (WEEE) Collection, Refurbishment & Recycling (IMAIAFAH), Solid Waste & Recycling Services Administration (BPAIACAH)
Keywords
Where COVED is headquartered
LocationHeadquarters
- HQ city
- Toulouse
- HQ country
- France
- HQ region
- Europe
Offices2 records
Markets served
COVED business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales
Revenue model
- Waste Collection and Treatment Services: Core revenue from collecting and processing waste from businesses and municipalities. Services include collection, sorting, recycling, and disposal. Revenue generated through service contracts with both private enterprises and public sector clients.
- Secondary Raw Materials Sales: Sale of recycled materials (plastics, metals, paper, cardboard, glass, wood) as secondary raw materials to industrial buyers. Transforms collected waste into sellable commodities.
- Energy Valorization: Revenue from waste-to-energy facilities processing non-recyclable waste into energy for sale or internal use.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Enterprise/Industrial Contracts |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
COVED product offering
Product offeringCore offering
COVED/Paprec Group provides integrated waste management and recycling services to industrial clients and local governments across France. Core services include waste collection, sorting, material recycling (wood, metals, paper-cardboard, plastics, WEEE, end-of-life vehicles, glass, construction waste), energy recovery from non-recyclable waste (including Solid Recovered Fuel production), and agronomic/organic valorization. The offering is delivered through an owned collection fleet, owned industrial processing facilities, a national network of local agencies, and digital self-serve platforms (MyPaprecSolutions and Easyrecyclage).
Product overview
Paprec Group is a comprehensive waste management and recycling platform offering a unified industrial ecosystem of services. The core offering includes material recycling (handling wood, construction waste, metals, paper, plastics, electronics, vehicles, and glass), energy recovery (waste-to-energy conversion including CSR production), and agronomic recovery. The company operates client-facing digital platforms including MyPaprecSolutions (online ordering portal for businesses and municipalities), Easyrecyclage (specialized office waste service), MyPaprec (client portal), and MyNodus Services (additional client services portal). The portfolio spans both B2B (70,000 industrial clients) and B2G (1,500+ municipalities) segments.
Differentiator
Problem solved
Functional benefit
Brands
- Paprec Energies: Energy recovery division handling waste valorization
- MyPaprec Solutions
- Easyrecyclage
- Team Paprec Arkea
Products and services
- Material Recycling Core recycling service processing diverse material streams including wood, construction waste, scrap metals, paper-cardboard, batteries, electronics (WEEE), plastics, end-of-life vehicles, and glass into secondary raw materials for industrial buyers.
- Energy Recovery
- Agronomic Recovery
- Waste Collection for Businesses
- Waste Collection for Municipalities
- MyPaprecSolutions
- Easyrecyclage
Quantifiable outcome
- 9.8 million tons of CO2 equivalent avoided through recycling and valorization activities
- +2 more outcomes
Companies that use COVED
Customer profileNamed customers4 records
Segments2 records
Ideal customer profiles2 records
COVED technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
COVED partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered flagship and minor.
- Paprec Arkea (Team Paprec Arkea)flagshipSailing sponsorship partnership with Paprec Arkea (sailing team). The company sponsors the Solitaire du Figaro Paprec sailing race and has a dedicated team (Team Paprec Arkea) for sailing competitions.
- VeoliaminorCompetitive relationship with Veolia in waste management sector. Mentioned in context of competitive bids for municipal contracts (e.g., Sète Agglopôle Méditerranée).
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
COVED competitors and assessment
Company assessmentBroad incumbents
- Suez: Major French-headquartered water and waste management group with overlapping recycling, collection, and recovery services in France and Europe. Competes head-to-head with Paprec on municipal and industrial waste tenders and is among the largest players in French recycling.
- Veolia: Global environmental services leader with a large waste management and recycling division in France. Directly competes with Paprec on municipal waste contracts (e.g., Sète Agglopôle) but operates at substantially greater scale and breadth across water, energy, and waste.
- Veolia Recycling & Recovery France: French division of Veolia focused on recycling, hazardous waste, and energy recovery. Closest direct competitive overlap with Paprec on materials recovery facilities, hazardous collection, and energy-from-waste within France.
Direct peers
- Biffa: UK-listed integrated waste management company providing collection, recycling, and energy-from-waste services. Directly comparable business model to Paprec with a focus on municipal and commercial waste, though concentrated in the UK market.
- Remondis: German-headquartered family-owned waste and recycling company operating across Europe. Offers comparable services in collection, sorting, recycling, and energy recovery, and is a major competitor for cross-border industrial accounts.
- Derichebourg: French multi-service group with a major environmental services division focused on metals recycling, waste collection, and recovery. Overlaps with Paprec on metal and industrial waste streams and shares the French industrial customer base.
- Renewi: UK/Dutch-listed recycling and waste management company operating across the Benelux, UK, and France. Closely comparable in secondary raw materials output, sorting operations, and multi-stream recycling services targeting industrial and municipal customers.
- Stericycle: US-listed regulated waste and recycling services company with operations in Europe. Comparable in specialized waste streams (WEEE, hazardous, regulated waste) and in serving large enterprise customers with compliance-driven needs.
- Séché Environnement: French-listed industrial and hazardous waste specialist with comparable offerings in treatment, recycling, and recovery for industrial and municipal clients. Operates at smaller scale than Paprec but addresses the same industrial and public-sector customer base in France.
- FCC Environment Services: European waste management and recycling arm of the FCC Group (Spain), active across Iberia, UK, and Central Europe. Comparable offering in municipal collection, materials recovery, and end-of-life processing for industrial and public-sector customers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
COVED social profiles
Digital presenceCOVED financial estimates
Financial estimateRevenue estimate
Valuation estimate
COVED leadership team
Management profileNumber of profiles
Profiles1 record
COVED subsidiaries and ownership
Company hierarchySubsidiaries4 records
COVED funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
COVED M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about COVED
What does COVED do?
COVED/Paprec Group provides integrated waste management and recycling services to industrial clients and local governments across France. Core services include waste collection, sorting, material recycling (wood, metals, paper-cardboard, plastics, WEEE, end-of-life vehicles, glass, construction waste), energy recovery from non-recyclable waste (including Solid Recovered Fuel production), and agronomic/organic valorization. The offering is delivered through an owned collection fleet, owned industrial processing facilities, a national network of local agencies, and digital self-serve platforms (MyPaprecSolutions and Easyrecyclage).
Is COVED a public or private company?
COVED is a private company. It is classified as family owned and is currently operating.
When was COVED founded?
COVED was founded in 1994. It employs 1,001 to 5,000 people.
Where is COVED based?
COVED is headquartered in Toulouse, France, in the Europe region.
How does COVED make money?
Three revenue lines are on record. Waste Collection and Treatment Services are the primary driver. The others are secondary Raw Materials Sales and energy Valorization.
Who are COVED's main competitors?
Broad incumbents on record are Suez, Veolia and Veolia Recycling & Recovery France. Direct peers are Biffa, Remondis, Derichebourg, Renewi, Stericycle, Séché Environnement and FCC Environment Services.
Does COVED have an API?
No public API is recorded for COVED.
What industry is COVED in?
COVED's product category is Waste Management and Recycling Services. Its primary akta.pro industry code is EUAIAGAA, Commercial & Office Waste Collection (Non-hazardous), with a secondary code of EUAIAKAA, Post-Consumer Plastic Collection & Sorting (MRF/PRF, Bale Supply). Its NAICS code is 56211 and its SIC code is 4953.